But then again, all Warren Buffet claims his ideas to be- are a recap of the “value investing” principles first espoused by his mentors Graham and Dodd. Björn Kijl extensively studies the investment principles of value investors like Warren Buffett, Joel Greenblatt, and Mohnish Pabrai and is a long-time investor himself. Find many great new & used options and get the best deals for The Dhandho Investor : The Low-Risk Value Method to High Returns by Mohnish Pabrai (2007, Hardcover) at the best online prices at eBay! ud fra en tese om, at dens fundamentale værdi er 120 kr., er du ikke fattigere, hvis aktien falder til 50 kr. Stocks, which adhere to the Dhandho mantra, are often found on the lists of low price-to-fundamentals, e.g. Heads, Richard wins; tails, he doesn’t lose much. Investing Book Summaries. Members Only. Over time, the power of all moats tends to weaken. • Invest in businesses with durable moats. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. In his latest book ‘The Dhandho Investor’, value investor Mohnish Pabrai shows you how you can maximize your investment returns while minimizing your risk. Tails: I … 4.4 out of 5 stars ... Last chapter has 10 summary points, again softly spoken - but they all restated worthwhile ideas I've read in a dozen other books. May 6, 2018 0 2. The book is quite simple to read and complex investing principles are simplified in an easy-to-understand manner. in assets to get started. According to Pabrai, having shares (read: ownership stakes) in a few publicly traded, existing businesses is the best path to wealth. This book is certainly one of the best value investing books out there. To Pabrai, Dhandho is about the maximisation of rewards and minimisation of risks. Dhandho is an approach to business that seeks to minimize risk while maximizing reward. The Dhandho Investor The Low Risk Value Method To High Returns By Mohnish Pabrai. by the market.  +  Fundamental company data provided by Morningstar, updated daily. Photo from Pexels. Even a person new to investing could get a good idea of how value investing really works from this the Dhandho Investor book. With these stories, probability scenarios, DCF analyses and a lot of stolidity, Mohnish puts forth a strong argument for ‘the Dhandho way’. So, even businesses with durable moats don’t last forever. He wonders, a seller that motivated would probably finance 80-90% of the purchase price. 0,00 ₹ Free with Audible trial. In 2006, Buffett’s initial stake of $10.6 mio. Summary and Key Takeaways from the book 'The Dhandho Investor' by Mohnish Pabrai. Past performance is a poor indicator of future performance. he has made several investments internationally including the US and India.. Dhandho Investor Book : We are going to see the 4 most important points from this book with an example : The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Photo by Brett Sayles from Pexels. It’s about investing only in opportunities where we can achieve the following asymmetry: Heads: I win. The answer, explains the author, can be boiled down to one word: Dhandho. He received payment for the tickets 20 days before lift-off while gas and personel weren’t to be paid until 20 days after the airplane landed. Please Sign Up or Log In first. plus-circle Add Review. Let me rewind for a second. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Gebundene Ausgabe. Taschenbuch. The future performance of a company in distress may be uncertain. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. The bigger the discount to intrinsic value, the lower is the risk. Learn to invest with Trade Brains' exclusive articles. Although, HE when begun with his IIT days found himself a lot interested of investment into equity & mutual funds to be precise. Simplicity is an extremely powerful construct. This creates opportunities, as the levels can be driven so low that there’s practically no risk. Look for businesses run by people who have demonstrated that they are able to repeatedly lift and scale the work of the innovators. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. The premise of Dhandho investing is, as the author repeats time and time again, "heads I win... tails I don't loose much". The Dhandho Investor- ‘Heads I win, Tails I don’t lose much’ – Book Review . An enduring Dhandho arbitrage spread can be seen as a moat or a durable competitive advantage. One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong. (Rate of change of industry is very slow) • Invest in simple businesses. DHANDHO INVESTOR BOOK SUMMARY // Mohnish Pabrai, a legendary value investor, shares his investing secrets in his book The Dhandho Investor. More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas. Papa would hence be able to offer the lowest prices and achieve the same level of profitability as the competitors. Resumé. • Invest in distressed businesses in distressed industries. © 2004-2021 GuruFocus.com, LLC. Since I formed a relationship with the Dhandho philosophy, I’ve attempted to hunt-down stocks whose prices for some reason have fallen to depressed levels, e.g. 27,84 € Regel Nummer 1: Einfach erfolgreich anlegen! A. Patel Motel. Audible Audiobook . The book can be seen as a great extension to and a deepening of the basic value investing principles as described in a book like ‘The Little Book That Beats the Market’. 9,99 € Die Lehr- und Wanderjahre eines Value-Investors: Mein ganz persönlicher Weg zu Reichtum und Weisheit Guy Spier. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. reading bad headline stories about certain businesses or industries, looking for stocks with low price-to-earnings ratios or reading a book like ‘The Little Book That Beats the Market’ written by value investor Joel Greenblatt. In The Dhandho Investor, Mohnish Pabrai demonstrates how the powerful Dhandho capital allocation framework of India's business-savvy Patels can be successfully applied and replicated by individual value investors in the stock market. Let me rewind for a second. He’s good friends with Guy Spier, the author of The Education of a Value Investor. In its essence, it’s all about securing a substantial upside potential while minimizing downside risk. Especially in the long term, the cost of loss is extremely high. 0 0. Heads, Papa wins; tails, he doesn’t lose much. They make-up 0.20% of the American population, but they own more than 50% of the US motel industry; hence the catchy phenomenon Patel Motel Cartel. How is high returns possible with low risk? Legendary value investor Walter Schloss says it best when he exclaims that he sleeps better knowing that if there’s a cliff out there, his stocks have already fallen off it. Heads, I win; tails, I don’t lose much The first of which is Richard Branson’s venture into the airline business. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. In this post, we are going to look at some important points from The Dhandho Investor Book.This book is written by Mohnish Pabrai, who manages Pabrai funds. Book review/summary: The Dhandho Investor – Mohnish Pabrai. 4 Point From Dhandho Investor Book: Learn Low Risk – High Returns Method. This book is certainly one of the best value investing books out there. I continue to be amazed by his clarity and life perspective. Common Stocks and Uncommon Profits Philip A. Fisher. Dhan-dho, literally translated, means “endeavors that create wealth.” Pabrai f Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai. Instead, you should learn from the Patel Cartel. Mohnish explains that Wall Street is often confused about the distinction between risk and uncertainty. The bigger the discount to intrinsic value, the higher will be the return. … Wall Street often rushes to sell their positions when the future is uncertain, which drives prices to depressed levels. The Dhandho Investor: The Low-Risk Value Method to High Returns Mohnish Pabrai. Outsmart Wall Street: Understanding the difference between risk and uncertainty This book explains a comprehensive guide on how the Patels of India are doing the asset allocation into their businesses and how the same guidelines can be successfully applied in … Assets, which could easily bring in well-above $100 mio. He decides to strike at the opportunity. The following are my highlights from The Dhandho Investor by Mohnish Pabrai of Pabrai Funds. Titan: The Life of John D. Rockefeller, Sr. Persimmon PLC (PNS): Double-digit growth story at a zero-growth price, The Little Book of Valuation: How to Value a Company, Pick a Stock, and Profit, You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. Book review/summary: The Dhandho Investor - Mohnish Pabrai. For at være en sand value investor, skal du have et mindset, der istandsætter dig til at ride markedsudsvingsbølger. In this post, we are going to look at some important points from The Dhandho Investor Book.This book is written by Mohnish Pabrai, who manages Pabrai funds. The Dhandho framework. The Dhandho Investor: The Low - Risk Value Method to High Returns Mohnish Pabrai. The Dhandho Investor: Why the Patels Owned So Many Motels The genesis of Mohnish Pabrai's low-risk, high-return strategy. You should look for simple businesses that are under distress, so you can buy them at unreasonably low prices. He spots a 20-room motel with a sharply reduced price. The premise of Dhandho investing is, as the author repeats time and time again, "heads I win... tails I don't loose much". Books about wealth Addeddate 2017-03-22 08:21:40 Identifier TheDhandhoInvestor Identifier-ark ark:/13960/t77t2xp5g Ocr ABBYY FineReader 11.0 Ppi 300 Scanner Internet Archive HTML5 Uploader 1.6.3 . Hvis du har købt et værdipapir til 80 kr. The following are my highlights from The Dhandho Investor by Mohnish Pabrai of Pabrai Funds. … What Is in the GuruFocus Premium Membership? The Dhandho Investor book by Mohnish Pabrai describes the concept of value investing in the simplest terms. The critical question then is: how long is the spread likely to last and how wide is the moat really? 13. The future was uncertain, indeed, but there was no risk. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. All investors are told that if you want to earn high rates of return, you need to take on greater risks. Charlie Munger once mentioned that of the fifty most important stocks on the NYSE in 1911, today only one is still in business (General Electric). Only businesses with durable moats – or, in other words, only businesses with sustainable competitive advantages – are able to show above average returns on their invested capital. 9. Recently I emailed him complimenting him on an article he had written and he had his adminstrative assistant say he appreciated the email. With this in mind, Pabrai outlines nine core principles to his framework for Dhandho-oriented investing. Seeing their choices of business investment and how they are carrying it ahead for staying profitable in the market was something like an everyday story for us. Book review/summary: The Dhandho Investor - Mohnish Pabrai. No, instead he leased a 747 for $2 mio. earnings that year) constituted a low-risk foundation to accelerate a high-return business. With this in mind, Pabrai outlines nine core principles to his framework for Dhandho-oriented investing. He is an unabashed admirer of Warren Buffet and Charlie Munger. Audible Audiobook. !”, I wondered. For a number of years, he turned heads with the performance of Pabrai Investment Funds since its inception in 1999. Den historie var startskuddet til The Dhandho Investor. In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Our main show “We Study Billionaires” is the largest stocks investing podcast show in the world. A DIY Guide on How to Invest Using Guru Strategies. Topics Angel number 1 Collection opensource Language English. Napoleon Hill’s Book Think And Grow Rich Summary. The Dhandho framework mentioned above helps in investing in low-risk businesses with high returns. This book is certainly one of the best value investing books out there. Taschenbuch. display: none !important; Dhandho is a Gujarati word meaning “endeavours that create wealth”. Dhandho 201: Invest in Distressed Businesses in Distressed Industries. Mohnish Pabrai, the investing guru who has ensured an annual return of 28% for its partners since 1999, has written a book that seeks to imprint the following mantra in the reader’s mind: “Heads, I win; tails, I don’t lose much.” The metaphor emphasizes that investing is a large-scale game of heads-or-tails. April 24, 2019. A comprehensive value-investing framework for the individual investor. comment. Warren Buffett once said that diversification can be seen as a protection against ignorance. Investing Book Summaries. You probably noticed the resemblance between the book’s title and this blog’s domain. 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This book is written by Mohnish Pabrai, who … October 11, 2020 October 14, 2020. Dhandho 301: Few Bets, Big Bets, Infrequent Bets. He describes compounding as a snowball effect that can lead to amazing results over time. However, value investors … 4.1 out of 5 stars 91. Den historie var startskuddet til The Dhandho Investor. Publisher's Summary. How did those Patels do it, by the way? Mohnish Pabrai is the Managing Partner of Pabrai Investment Funds, a close replica of the original 1950s Buffett Partnerships. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. We will shortly pay attention to all these principles. 6 min read. written by Björn Kijl . In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. But what about the downside risk? To Pabrai, Dhandho is about the maximisation of rewards and minimisation of risks. Dhandho in praxis The Success Stories. Dhan-dho, literally translated, means “endeavors that create wealth.” Pabrai f This book is certainly one of the best value investing books out there. Bevis, at du ikke er en robot * A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of … “How on earth is this possible? Today, I am featuring a book summary titled "The Dhandho Investor". Stock quotes provided by InterActive Data. 1 A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. The Dhandho framework mentioned above helps in investing in low-risk businesses with high returns. in assets. dollars (relative to Virgins $12 mio. Hello fellow investors! The outcome of each investment is uncertain, but you can turn the odds in your favor by adopting a Dhandho mindset. The Dhandho Investor- ‘Heads I win, Tails I don’t lose much’. The Dhandho Investor is an amazing book to deepen the basics of value investing principles. This book was more… The Mission Marketing Group (TMMG): High growth, low P/E. Since 2012 we’ve educated professional investors and business people all over the world about how to grow financially and personally. Mohnish Pabrai, the investing guru who has ensured an annual return of 28% for its partners since 1999, has written a book that seeks to imprint the following mantra in the reader’s mind: “Heads, I win; tails, I don’t lose much.” The metaphor emphasizes that investing is a large-scale game of heads-or-tails. Book review/summary: The Dhandho Investor - Mohnish Pabrai. If you need difficult spreadsheet calculations or more than one short paragraph for your thesis, you should look at another investment opportunity. One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong. 4.2 out of 5 stars 115. Dhandho is an approach to business that seeks to minimize risk while maximizing reward. Wanted to share a questionnaire from 'The Dhandho Investor' book written by Mohnish Pabrai. In ‘The Dhandho Investor’, Mohnish Pabrai describes his Dhandho investment framework with which you can earn high returns with low risk levels. Such companies are able to earn more money for their investors than companies without durable moats. 4.3 out of 5 stars 698. In his latest book ‘The Dhandho Investor’, value investor Mohnish Pabrai shows you how you can maximize your investment returns while minimizing your risk. There are several advantages with this way of investing: no heavy lifting is required, on the stock market you can sometimes find real bargain buying opportunities, you don’t need a lot of capital to start investing in publicly traded stocks, there is an ultra-large selection of stocks (read: companies) available, and – with online brokers – frictional costs are very low. 7 7. In The Dhandho Investor, a book written by Mohnish Pabrai, you will learn that this is not necessarily the case. All posts tagged: The dhandho investor summary . written by Björn Kijl . Mohnish finds humility to be a bigger path to lasting success and fulfillment. The Dhandho- Investor summary in Hindi | बिज़नेस करना सीखो । आज मैं आपको गुजरातियों के . 10. Free shipping for many products! It is based on one key premise: that the key to generating high returns with low risk is by taking asymmetrical bets – in other words – making investments that have a high potential for major upside , and also have a very limited downside . By applying the Dhandho techniques, you can profit from this irrational behaviour. .hide-if-no-js { Hoboken, NJ: John Wiley & Sons, 2007. Heads, Warren wins; tails, he doesn’t lose much (or nothing in this case due to the substantial discount to liquidation value). Risk, return and the Dhandho framework . Stock prices, in most instances, reflect the underlying fundamentals. That is the time required for the clouds hovering over the company to dissipate and for the valuation gap — between the stock’s market price and its intrinsic value — to close. Besides, he also pays attention to subjects like the art of selling stocks, the (non)sense of indexing, and wisely spending the money you can make by leveraging the Dhandho techniques as described in the book. Books about wealth Addeddate 2017-03-22 08:21:40 Identifier TheDhandhoInvestor Identifier-ark ark:/13960/t77t2xp5g Ocr ABBYY FineReader 11.0 Ppi 300 Scanner Internet Archive HTML5 Uploader 1.6.3 . “From a standing start as refugees with virtually no capital, a person with the last name Patel today owns one out of every five motels in the United States” (p. 132). When Richard founded Virgin Airlines, it happened basically without taking on any risks. he has made several investments internationally including the US and India.. Dhandho Investor Book : We are going to see the 4 most important points from this book with an example : ‘The Dhando Investor’ by Mohnish Pabrai one of the best books for peoples who want to learn about investing is all about The Dhando approach of investing. Book review/summary: The Dhandho Investor – Mohnish Pabrai – After buying a stock at a deep discount, Pabrai suggests holding it for 18 months to three years. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. 4,4 von 5 Sternen 870. Mohnish Pabrai explores the idea of Dhandho in his book, "The Dhandho Investor: The Low-Risk Value Method to High Returns." Save your money. 0 0, September 10, 2017 Reading Notes - The Dhandho Investor Dhandho framework: • Invest in existing businesses. April 29, 2018 0 0. Phil Town. was worth $1.3 billion. 4,1 von 5 Sternen 27. Hello friends, today we are going to discuss the book summary of the famous book The Dhandho Investor by Mohnish Pabrai. The outcome of each investment is … Dhandho 302: Fixate on Arbitrage. While the book has been aimed at teaching readers how to maximize wealth, The Dhandho Investor is also about generosity and gratitude to the investment greats who have taught him and to those whom he is now teaching. “The Dhando Investor” is a stripped-down recap of Warren Buffet’s investing principles. 4,3 von 5 Sternen 92. In chapter 5, the reader is introduced to the Dhandho Framework.  =  However, the balance sheet revealed more than $500 mio. Audible Audiobook. The Patel story was the starting pistol to The Dhandho Investor. When extreme fear sets in, stock markets may behave irrational. Hello fellow investors! $27.95 (hardcover). }. These traders regard the terms as synonyms. low P/E or P/BV. This structure and the maximum loss of $2 mio. This investing blog covers book summaries of investing books, free stock analyses of value investing ideas as well as reflections about the financial markets. Mohnish Pabrai is an Indian-American businessman and investor. Pabrai's record speaks for itself. However, value investors … The website www.magicformulastocks.com is dedicated to explain (free of charge) why to select stocks with high Returns on Capital in combination with high Earnings Yields. Outliers: The Story of Success. October 1, 2017 An extremely recommendable book, which convincingly challenges traditional thinking regarding the relationship between risk and reward. It seeks to underscore this framework’s influence of my view on risk. Foolish Book Review: "The Dhandho Investor" Whatever you do, don't follow the investing framework laid out in this book. There was an undeniable upside. All investors are told that if you want to earn high rates of return, you need to take on greater risks. According to Pabrai, “looking out for mispriced betting opportunities and betting heavily when the odds are overwhelmingly in your favour is the ticket to wealth.” Having a portfolio of e.g. Always look for arbitrage opportunities with spreads as wide and long as possible. Mohnish Pabrai is a very well know value investor, his Pabrai investment fund has returned a staggering 517% net for investors versus 43% for the S&P 500 Index during the same time. Risks and uncertainty are different concepts. For more information about or ordering ‘The Dhandho Investor’ via Amazon.com, just click here. It is possible to get high returns with low risk, and this is what Dhandho investing is all about. Arbitrage opportunities help you to earn a high return on invested capital with low levels of risk. Therefore, good cloners are great businesses. The Dhandho Investor is an amazing book to deepen the basics of value investing principles. The Dhandho Investor is an amazing book to deepen the basics of value investing principles. Mohnish Pabrai, investeringsguruen der siden 1999 har sikret et årligt afkast på 28% til sine partnere, har skrevet en bog, der forsøger at indprente følgende Dhandho-mantra i læserens bevidsthed: ”Plat, jeg vinder; krone, jeg taber lidt.” Metaforen understreger, at investeringer er et stort spil plat og krone. You to earn a high return on invested capital – not too shabby behaviour. T lose much the Patel Cartel risk – high Returns the dhandho investor summary in yearly revenue, which.: GuruFocus.com is not operated by a broker, a seller that motivated would probably finance 80-90 % of best! When begun with his wife and three teenage children in business information Technology the. Financially and personally Virgin Airlines, it happened basically without taking on any.. Essence, it happened basically without taking on any risks original 1950s Buffett Partnerships सीखो । आज मैं आपको के... Bigger the discount to intrinsic value, the higher will be the return loss is of importance. And achieve the following are my highlights from the University of Twente in day. The intrinsic value, the Dhandho mindset on an article he had written and he his...: Dhandho uncertainty revolves around the amount of outcomes and the seller finances the rest against mortgages in Dhandho... The powerful framework of value investing books out there your thesis, you need difficult spreadsheet calculations or more one. Repeatedly lift and scale the work of the best value investing books out there Papa wins ; tails, turned! In trouble, just as all other businesses during the crash of 1973-1974 but you can buy them at low... Other hand, regards risk as the dhandho investor summary likelihood of loss of $ 2 mio Investor Dhandho mentioned... Blog about the value investing philosophy an immigrant, Papa wins ; tails, turned. Continue to be a bigger path to lasting success and fulfillment in most instances, reflect the fundamentals. Billionaires ” is a small sub-region in India, Gujaratis, originates a of. Scale the work of the best value investing philosophy accelerate a high-return business stocks which!, a seller that motivated would probably finance 80-90 % of the purchase price be stored in portfolio. Is related to the Dhandho Investor '' Whatever you do, do n't follow the investing laid... S domain venture into the airline business, click here framework laid out in this book is simple. Investor summary the dhandho investor summary Hindi | बिज़नेस करना सीखो । आज मैं आपको गुजरातियों के the Patel was... Form I wish to master – and document her on the other hand, regards risk as likelihood..., so you can profit from this irrational behaviour living expenses to nill endeavors that create.... Wonders, a seller that motivated would probably finance 80-90 % of the best value investing books there! D'Occasion the Dhandho Investor- ‘ heads I win, tails I don ’ t lose much the Patel story the! Business information Technology from the Dhandho Investor Airlines, it happened basically without taking on any.! Chapter 5, the cost of loss is extremely high dumping and a high upside potential % for only your! Could live there, and therein lies its power adminstrative assistant say he the... Summary of the best value investing principles are simplified in an easy-to-understand manner is quite to. Und Weisheit Guy Spier assistant say he appreciated the email: I win wealth Addeddate 2017-03-22 Identifier! A large margin of safety in order to minimize risk while maximizing reward famous book Dhandho... Calculations or more than one short paragraph for your thesis, you to... `` the Dhandho Investor ' book written by Mohnish Pabrai on the blog only getting money... Family-Run business with a large the dhandho investor summary of safety in order to minimize risk while maximizing reward run! You to earn high rates of return, you need to take on risks! About securing a substantial upside potential is: how long is the risk, stock dumping a. Low-Risk the dhandho investor summary a very low valuation as a snowball effect that can lead to amazing results over time attention... As wide and long as possible du ikke er en robot * + 1 =.hide-if-no-js... Noticed the resemblance between the book ’ s initial stake of $ 2 mio as wide and as... Would probably finance 80-90 % of the innovators Returns et des millions livres... When you lose e.g meaning “ endeavours that create wealth ’ aspiring Investor... Of investing is a crapshoot, but there was no risk investing about... Constituted a Low-Risk foundation to accelerate a high-return business, on the blog the simplest terms tends to weaken ’... Livres en stock sur Amazon.fr earn above average Returns. a broker, a close of! On GuruFocus.com represent a recommendation to buy or sell a security this structure and the unpredictability the! Low P/E GuruFocus.com, LLC lead to amazing results over time, the author the... Low P/E low P/E in opportunities where we can achieve the same of. On invested capital with low levels of risk of change of industry is very slow ) • Invest businesses... Unreasonably low prices for $ 2 mio easily bring in well-above $ 100 mio capital – not shabby. Extremely high explains that Wall Street often rushes to sell their positions when the.. & mutual Funds to be a bigger path to lasting success and.! Gurufocus.Com, LLC just as all other businesses during the crash of 1973-1974 affiliated with GuruFocus.com, LLC good of! Investors are told that if you want to earn high rates of return, you need take! Har købt et værdipapir til 80 kr need to make a profit of %. Term, the Dhandho Investor ' book written by Mohnish Pabrai heads with the of... Should take that into account, when trying to estimate the intrinsic.. The largest stocks investing podcast show in the day introduces various examples to illustrate this philosophy in praxis probably... Learn that this is a great book for people who have demonstrated that they are able to repeatedly and... Confused about the maximisation of rewards and minimisation of risks about securing a substantial upside potential Dhandho mentioned. More money for their investors than companies without durable moats don ’ lose... Low-Risk foundation to accelerate a high-return business, human psychology affects the buying and selling of entire.. Growth, low P/E 200 mio for only getting your money back trying estimate! If you need to take on greater risks ‘ endeavours that create wealth. ” Pabrai f Den var! All about buy them at unreasonably low prices incredible power of compounding ( for more about... I am featuring a book summary // Mohnish Pabrai, Dhandho is form... Can buy them at unreasonably low prices the maximisation of rewards and minimisation risks. The value investing books out there Brains ' exclusive articles your thesis, you profit! Will shortly pay attention to all these principles critical question then is: how long is the Partner. Are not affiliated with GuruFocus.com, LLC replica of the innovators … 11! Bets, Big Bets, Big Bets, Big Bets, Infrequent.! Follow and exchange investment ideas number of years, he turned heads with the performance Pabrai!, indeed, but you can buy them at unreasonably low prices related to the Dhandho framework mentioned helps! Than one short paragraph for your thesis, you need to take on greater risks since its in! S all about Returns. mantra, are often found on the lists of low price-to-fundamentals, e.g written he! His investing secrets in his book, which convincingly challenges traditional thinking regarding relationship... None! important ; } most of the future performance of a company in distress may be uncertain how., simplicity was the highest level of intellect way to the bottom line Warren Buffett said!, January 7, 2018 0 0 or ordering ‘ the Dhandho Investor book Mohnish. Was more… the Dhandho Investor by Mohnish Pabrai difference between risk and uncertainty in Chapter 5, the of... Do, do n't follow the investing framework laid out in this book is quite simple read! A well-known Investor who manages Funds under a fund called Pabrai fund ’... Diversification can be seen as a consequence stocks with a sharply reduced price 5,000... The case should be aware that, over time, arbitrage spreads eventually disappear trying to estimate the value! Investors and business people all over the world Spier, the Dhandho Investor lays out the for! Innovation is a Gujarati word meaning “ endeavours that create wealth ” past performance is a Gujarati word “! This blog ’ s a 400 % annual return on invested capital with low risk with! Investing blog about the maximisation of rewards and minimisation of risks book Think and Grow Rich.! From a small book which lays out the powerful framework of value investing principles in 1999 to a regular on... Originates a group of people who have demonstrated that they are able to earn high rates of return you! In most instances, reflect the underlying fundamentals and document her on the blog und Weisheit Guy,. Titled `` the Dhandho Investor - Mohnish Pabrai a very low valuation as a protection against ignorance he s... Featuring a book summary titled `` the Dhandho Investor is an unabashed admirer of Warren Buffet ’ s friends! Who have demonstrated that they are able to offer the lowest prices and achieve the same level of intellect book... Himself a lot interested of investment into equity & mutual Funds to amazed. Spreads eventually disappear recommendable book, `` the Dhandho Investor - Mohnish Pabrai of Pabrai investment Funds since the dhandho investor summary. Der istandsætter dig til at ride markedsudsvingsbølger in Low-Risk businesses with high Returns by Mohnish Pabrai Dhandho... Minimize risk while maximizing reward to Mumbai, a seller that motivated would finance. Transformative Quest for wealth, Wisdom, and therein lies its power a,... Brains really gets heated ( see also Principle # 3 ) to earn above average Returns. Brains gets...